Finance and Treasury Committee

The Finance and Treasury Committee has budgetary and financial oversight responsibilities for the University as well as an oversight responsibility for the Long Term Portfolio, its Treasury investments, and its liability structure.

Powers and functions

The Finance and Treasury Committee has budgetary and financial oversight responsibilities for the University as well as an oversight responsibility for the Long Term Portfolio, its Treasury investments, and its liability structure. More specifically, the Finance and Treasury Committee shall,

(a)    with respect to its powers and functions in relation to the University’s budgetary and financial responsibilities,

  (i)    recommend to the Board for approval, the University’s annual budget or the provisional authorization for expenditure, as the case may be;

  (ii)    approve the University’s periodical financial forecasts and monitor year-to-date spending;

  (iii)    recommend to the Board for approval, the financing structure for major capital projects;

  (iv)    recommend to the Board for approval, financial management policies and procedures.

(b)    with respect to its powers and functions related to the University’s treasury, investments and debt liability,

  (i)    recommend to the Board for approval, the statement of investment policy and goals, including performance objectives and asset mix policy and all other investment policies, including expenditure rate, pertaining to the University’s long-term portfolio, endowment funds, treasury investments and sinking fund, respectively and monitor the implementation of such statement of investment policy and goals;

  (ii)    approve the appointment, removal or retention of investment managers and other external service providers in respect of the University’s treasury and investments, respectively;

  (iii)    recommend to the Board for approval, policies pertaining to debt liability management and monitor financial ratios, asset and liability structure and expected future impact of outstanding debt on the financial position of the University.

(c)    exercise its powers and functions set out subparagraph 12.1 (a) of this By-law separately from those set out in subparagraph 12.1 (b) of this By-law.
 
Membership

The Finance and Treasury Committee is composed of the following:

a)    the Chair of the Board;

b)    The President;

(c)    four (4) Board Members, who are not members of the Audit Committee and one (1) of which shall be a member of the Buildings and Land Committee; and

(d)    two (2) individuals, who are not Board Members, Officers or employees of the University, with experience in the banking and /or investment industries and who shall not have a right to vote on or exercise any powers or functions under subparagraph 12.1(a) of this By-law and shall have no responsibility for the Finance and Treasury Committee discussions and/or decisions pursuant to the exercise of the powers and functions under subparagraph 12.1(a) of this By-law.

Frequency of meetings and quorum

(a)    The Finance and Treasury Committee shall meet at a minimum four (4) times a year.  

(b)    Quorum is fixed at four (4) members of the Finance and Treasury Committee members with a right to vote.

Chair

Stéphane Giguère
End of mandate: 2025-06-30

Members

Omar Abouzaher
(Finance and Treasury Components)
End of mandate: 2025-06-30

Jennifer Adams
(Finance and Treasury Components)
End of mandate: 2026-06-23

James C.L. Clark
(Treasury Component)
End of mandate: 2026-06-30

Stephen A. Cotsman
(Treasury Component)
End of mandate: 2026-06-30

Jacques Frémont
President and Vice-Chancellor
End of mandate: 2026-06-30

André Juneau
(Finance and Treasury Components)
End of mandate: 2027-06-30

Resources

Anne Bauer
Chief of Staff
Office of the Secretary-General
Non member

Iliata Djossou
Governance Officer
Office of the Secretary-General
Non member